Can Money Buy Happiness? Not as Much as You Think

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 30 May 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Research has shown that while more money can lead to more happiness, the choices it affords you are more significant than what money can buy. Wall Street Journal personal finance reporter Joe Pinsker joins host J.R. Whalen to discuss. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If only life had a remote control, you could pause or rewind.
0:03.6	Well, life doesn't always give you time to change the outcome, but pre-diabetes does.
0:08.5	Take the one minute risk test today at do I have pre-diabetes.org.
0:12.2	Brought to you by the Ad Council and its Pre-Dibee's Awareness Partners.
0:15.0	Here's your money briefing for Thursday, May 30th.
0:21.0	I'm J. R. Whelan for the Wall Street Journal.
0:25.0	Who wouldn't want to have more money?
0:27.0	It's easy to think that getting a raise or even a hefty tax refund
0:31.0	would make you more happy.
0:32.0	But it turns out money isn't everything.
0:35.0	It's not about the products and the stuff that money buys per se, but rather the choices
0:42.4	that having money affords you. In other words, it's giving you
0:45.2	more control of your life.
0:47.0	We'll talk to Wall Street Journal Personal Finance reporter, Joe Pinsker, after the break. break. If only life had a remote control, you could pause or rewind. Well, life doesn't always give you time to change the outcome,
1:05.0	but pre-diabetes does.
1:07.0	Take the one minute risk test today
1:08.0	at do I have pre-diabetes.org
1:10.0	brought to you by the ad council and its Pre-Dibeeze Awareness Partners.
1:14.0	Does having more money make you happier?
1:22.0	Researchers are still running the numbers on that.
1:24.0	Wall Street Journal personal finance reporter Joe Pinsker joins me.
1:28.0	Joe, about 15 years ago a study found that $75,000 was the peak salary for happiness.
	...

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